What is the mortgage loan value on a $375,000 home if 20% is paid as a down payment?
$325000
$375000
$75000
$300,000

$300000

Step-by-step explanation:

down-payment would $75000 so minus it from $375000 to get the mortgage

300000

Step-by-step explanation:

375000/100 =3750

1 percent = 3750

20 percent = 3750*20=75000

375000-75000= 300000

If it is helpful t

what is the answer?

answer: c, the green line

step-by-step explanation:

there is no black line, eliminate b.

simple interest implies periodic payments, but the red line shows no payments, eliminate d.

simple interest has equal payments. if paid say every day, the graph is about a straight line (actually a stairstep).

the yellow line is not straight, eliminate a.

check: the green line is straight, answer is c.

simple interest with positive interest rate gives a straight line sloping up to the right. green line:

g(t) = $100 + ($200-$100) ÷ (20 years) × (t years)

= $100 + (4%/year) × ($100)(t years)

incidentally, the yellow line curving upward represents continuously compounded interest

y = $100 × 2^(t years / (14 assuming the yellow line hits $200 at 14 years. 2^0 is 1, so y(0) = $100; 2^(14/14) is 2, so y(14) = $200.